Bhubaneswar: The Government of Odisha Single Window for Investor Facilitation and Tracking (GO-SWIFT) portal has received 1,000 investment proposals in just less than two years of its roll-out.
The one-stop portal that tracks the complete life cycle of an investment, received its 1,000th proposal from a Mumbai based chemical manufacturer.
The company has proposed to invest Rs 162 crore to set up a manufacturing unit to produce chemicals to be used in water treatment purpose with an annual capacity of 72,000 cubic meter per annum.
The project has the potential to generate direct and indirect employment for 125 people.
Industries Minister Dibya Shankar Mishra said, “GO SWIFT was launched in November 2017 to provide a one-stop-shop for all industries throughout their investment lifecycle. In a span of less than 2 years, the portal has received its 1000th application, which is a testament to its tremendous success for facilitating industrial projects Odisha.
We will definitely continue to raise the bar for ease of doing business and are focused on speedy implementation of projects on the ground.”
Some of the leading companies whose proposals were received in GO SWIFT portal include Indian Oil Corporation Limited, Haldia Petrochemicals, Aditya Birla Fashion, Manpasand Beverages, ITC Foods, Apar Industries Ltd, Vedanta, JSW Cement, Gokul Agro, and Jindal Aluminum among others.
The proposal of Indian Oil Corporation (IOCL) to set up one of the largest petrochemical complexes in its existing base at Paradip, amounting Rs 1 trillion was approved in recent HLCA meeting held on 19th August 2019.
The proposal of Haldia Petrochemical to set up another petrochemical complex in Balasore district amounting more than Rs 78,000 Cr was also approved in the same meeting.
GO-SWIFT provides all of the information and clearances that investors tend to require in a time-bound, hassle-free, paperless and transparent manner. Entirely online, the launch of GO-SWIFT has improved the efficiency of the approval process for both new and existing industries across 32 services from 15 state departments.
A first-of-its-kind in the country, GO-SWIFT provides information on business reforms and policy initiatives. The investor dashboard on the portal allows users to track the real-time status of their application and get alerts via SMS and email. GO-SWIFT also has a Department Dashboard for senior government officials to use and track the industrial units in the State.
Along with its other features, GO-SWIFT has also seamlessly integrated all other existing online systems developed by the Government of Odisha, such as GO PLUS (Government of Odisha Portal for Land Use and Services) and ‘GO iPAS (Government of Odisha IDCO Post Allotment Services ) for post-land allotment services for industrial units.
The timelines mandated by Odisha Right to Public Services Act (ORTPSA 2012) have been mapped for each service to ensure that all approvals are delivered in a time-bound manner to the investors. The average time for the application of services has come down significantly due to GO-SWIFT.
The proposal of Tata Steel Processing
and Distribution Limited (TSPDL) to set up its unit at an investment of Rs 92
crore is approved in a record time of four days after submitting the
application in GO SWIFT portal.